As our economy evolves in the 21st century, consumers are placing greater demands on retailers to offer more choices, greater convenience and lower prices. Too often, though, businesses trying to meet these demands run into antiquated local policies that restrict their ability to compete and offer what consumers say they want.
While the US has experienced a boom in wine sales over the past two decades, that growth is now levelling off, according to the Silicon Valley Bank’s (SVB) 2018 State of the Wine Industry Report, with retiring baby boomers and “frugal” millennials driving a “rotation” of consumer preferences.
The ‘State of the Wine Industry 2018’ report is out, providing trending insights about the U.S. world of wine.
Sponsored by the Silicon Valley Bank Wine Division and authored by its founder Rob McMillan (a banker who wields significant clout within the wine industry) this report’s preparation was disrupted by the California wine fires of 2017, resulting in a cancellation of its annual fall survey. In its place, the report has expanded on other research data in order to better predict trends for 2018.
It is not every day you get asked to join a medieval-style brotherhood, and I was nervous lest the Pouilly winegrowers spot that I knew nothing about wine.
What if they asked me to explain the difference between a Pouilly-Fumé and a Sancerre?
French wine and spirits exports rose to a new record in 2017 due to strong sales to the United States and China, despite a stronger euro exchange rate, the Federation of French Wines and Spirit Exporters (FEVS) said on Wednesday.